Deutsche Bank AG Has $2.67 Million Stake in Genworth Financial, Inc. $GNW

Deutsche Bank AG decreased its stake in Genworth Financial, Inc. (NYSE:GNW) by 12.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,887 shares of the financial services provider’s stock after selling 54,966 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Genworth Financial worth $2,665,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Xponance Inc. boosted its stake in Genworth Financial by 4.8% in the first quarter. Xponance Inc. now owns 32,525 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 1,493 shares in the last quarter. NDVR Inc. boosted its stake in Genworth Financial by 8.6% in the fourth quarter. NDVR Inc. now owns 24,329 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 1,922 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Genworth Financial by 13.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,861 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 2,343 shares in the last quarter. Mariner LLC boosted its stake in Genworth Financial by 3.8% in the fourth quarter. Mariner LLC now owns 68,689 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 2,514 shares in the last quarter. Finally, Forum Financial Management LP boosted its stake in Genworth Financial by 12.6% in the fourth quarter. Forum Financial Management LP now owns 23,131 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 2,584 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Stock Up 0.5%

Shares of Genworth Financial stock opened at $8.4150 on Wednesday. Genworth Financial, Inc. has a 1 year low of $5.99 and a 1 year high of $8.60. The business has a 50-day moving average of $7.76 and a two-hundred day moving average of $7.19. The company has a market capitalization of $3.45 billion, a P/E ratio of 18.70 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.29 and a quick ratio of 0.29.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. Genworth Financial had a return on equity of 1.91% and a net margin of 2.61%.The company had revenue of $1.80 billion during the quarter.

Wall Street Analysts Forecast Growth

GNW has been the subject of several recent research reports. Wall Street Zen cut Genworth Financial from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods boosted their price objective on Genworth Financial from $9.00 to $9.50 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $9.50.

Genworth Financial Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.